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China December coal output rises about 2 percent to highest in over…

BEIJING ( ) – China’s December coal output climbed 2.1 percent from the year before, government data showed, hitting the highest level in at least three years as major producers ramped up production amid robust winter demand and after the country started up new mines.

Miners produced 320.38 million tonnes of coal in December, according to data released on Monday by the National Bureau of Statistics. That is the highest level on records going back to March, 2016.

China approved more than,上海夜生活去哪玩Cadence, 45 billion yuan’s ($6.64 billion)worth of new coal mining projects last year, much more than 2017, official documents show.

The new projects contributed to bigger output last year, with annual production in 2018 rising 5.2 percent to 3.55 billion tonnes, the highest since 2015.

However, miners and,上海夜生活Cade, traders expect supplies to fall sharply in January following ,上海足浴夜网联系方式Nadine,a crackdown on coal mines following a major accident on Jan. 13 in the northwestern province of Shaanxi.

“It is now possible that Shaanxi will implement the strictest-ever regulations on illegal production, which would significantly reduce output in the province for the year,” Zhai Yu, senior consultant at analysts Wood Mackenzie said in a note published last week.

“If stricter checks are extended to other provinces, domestic supply could tighten from its currently relaxed situation, helping coal imports as a result,” Zhai wrote.

Shaanxi accounts for about 20 percent of China’s annual coal pro上海夜生活duction.

Written by shyw on September 2, 2019 Categories: wjxqxjow Tags: , ,

Sterling up after May wins confidence vote; stocks climb

NEW YORK ( ) – Major world stock indexes rose on Wednesday, with the S&P 500 supported by sharply higher U.S. bank shares after strong earnings, while the pound was up after British Prime Minister Theresa May’s government won a confidence vote in parliament.

That should allow her to attempt to create a consensus among lawmakers on an agreement on Britain’s departure from the European Union. The confidence vote followed the parliamentary defeat of May’s Brexit deal late Tuesday.

Expectations of a softer Brexit – per上海夜网haps incorporating the Labour Party’s idea of membership of a permanent customs union – gave some support to the pound.

Sterling GBP= was last trading at $1.2873, up 0.12 percent on the day.

Stocks mostly shrugged off the results of the vote. MSCI’s gauge of stocks across the globe .MIWD00000PUS gained 0.39 percent.

On Wall Street, strong earnings from Bank of America (BAC.N) and Goldman Sachs (GS.N) helped to keep stocks in positive territory. Bank of America shares were up more than 7 percent while Goldman’s stock was up about 8 percent.

“There is hope for this earnings season, and Goldman Sachs and Bank of America have got it started off on the right foot,” said Jake Dollarhide, chief executive officer at Longbow Asset Management in Tulsa, Oklahoma.

The Dow Jones Industrial Average .DJI rose 218.87 points, or 0.91 percent, to 24,284.46, the S&P 500 .SPX gained 15.34 points, or 0.59 percent, to 2,625.64 and the Nasdaq Composite .IXIC added 32.57 points, or 0.46 percent, to 7,056.40.

The pan-E,上海夜网千花Quaid,uropean STOXX 600 index rose 0.54 percent.

The dollar rose against the euro as the euro zone single currency was pushed lower by worries about the zone’s economy, with the euro EUR= down 0.12 percent to $1.14.

Earlier this week, data showed Germany barely escaped a recession in the second half of 2018 and European Central Bank chief Mario Draghi warned on Tuesday the euro zone economy was weaker than anticipated.

In sovereign debt markets, British government bonds underperformed versus German peers in early trade.

U.S. Treasury yields rose as stronger-than-forecast results from two major banks lifted Wall Street, reducing safe-haven demand for U.S. government debt.

Benchmark 10-year notes US10YT=RR last fell 7/32 in price to ,夜上海论坛Idris,yield 2.7326 percent, from 2.708 percent late on Tuesday.

Oil prices gained, with data showing growing U.S. refined product inventories and record crude production.

U.S. West Texas Intermediate (WTI) crude CLc1 futures rose 0.4 percent to settle at $52.31 a barrel.

For Live Markets blog on European and ,上海夜生活论坛Idris,UK stock markets, please click on: [LIVE/]

NY AG, governor probing Apple’s response to FaceTime bug

( ) – New York Governor Andrew Cuomo and new Attorney General Letitia James on Wednesday said the state was probing Apple Inc’s failure to warn consumers about a FaceTime bug that lets iPhones users see and hear others before they accept a video call.

The bug, which has been able to replicate, allows an iPhone user placing a call using Apple’s FaceTime video-calling feature to hear audio from the recipient’s phone even if the call has not gone through.

“We need a full accounting of the facts to confirm businesses are abiding by New York consumer protection laws and to help make sure this type of privacy breach does not happen again,” Cuomo said in a statement.

The statement said Cuomo and James would probe Apple’s slow response and cited media reports that a consumer had made the company aware of the bug more than a week before it took action to disable th,上海夜网邀请码Jacklyn,e FaceTime feature.

Apple said on Monday it was aware of the problem and had come up with a fix that would be released in a software update later this week. The company was not immediately available for comment on Wednesday.

The bug appears to rely on Apple’s group video-calling fea,上海夜网千花Landon,ture, which Apple launched in October. In certain situations, F,上海会所夜网Idaleen,aceTime also broadcast both video and audio from the recipient’s phone, technology news website the Verge reported on Monda上海夜生活论坛y.

Cuomo on Monday issued a consumer alert about the bug and encouraged users to disable the app.

Barclays weighs 280 redundancies, relocations at Leeds call center

LONDON ( ) – British bank Barclays (BARC.L) has warned nearly 300 staff they could face redundancy or relocation from its Millshaw Court call center in Leeds, northern England, following unspecified “changes to its business”.

The FTSE 100 .FTSE lender said it had informed 280 staff at the office that their roles were at risk, with around 115 of the roles possibly relocating to Manchester or Liverpool in northwestern England, and the ,上海夜生活Cain,northeastern English city of Sunderland.

Barclays declined to give further reasons for the possible layoffs but British banks have broadly been pursuing deep cost-cutting initiatives in recent years in the face of intensifying competition,夜上海论坛Lark, in UK lending and tighter profit margins.

It said the landlord of Mi上海夜网llshaw Court had also put the site up for sale with planning permission to be converted into flats.

The bank said it would keep the center’s remaining 800-strong workforce informed on a search for an alternative office and said it had secured a t,上海夜生活网交流Sabine,hree year extension to the lease until November 2021.

Separately, employee union Unite said it would oppose the redundancies, calling them “deeply irresponsible” and said it would “significantly damage both the business and the customer experience”.

Written by shyw on July 25, 2019 Categories: wjxqxjow Tags: , , ,

Kentucky lawmaker a ‘probable suicide’ amid sexual misconduct…

( ) – Kentucky state Representative Dan Johnson, who was facing sexual assault accusations, died in a probable suicide on Wednesday, Bullitt County Coroner Dave Billings said.

Johnson, 57, also the leader of the L,上海夜生活桑拿会所Sabrina,ouisville-area Heart of Fire Church, held a news conference on Tuesday at which he denied accusations contained in a report by the Kentucky Center for Investigative Reporting. The report, published earlier in the week, included accusations from a woman that Johnson molested her in 2013 when she was a teenager.

Johnson, whose press conference was widely reported by local media, also defied calls by some legislators to step down.

On Wednesday evening, Johnson was found,上海会所夜网Cade, dead in a probable suicide from a single gunshot wound near Louisville, the coroner said, adding that an autopsy would be performed on Thursday.

Billings said law enforcement officials had been searching for Johnson after someone read a post on his Facebook page, became concerned and contacted police.

The post has since been taken down, but the Courier-Journal reported that it appeared to be a farewell and read in part, “the accusations from NPR are false, GOD and only GOD knows the truth. Nothing is the way they make it out to be.”

The death comes amid a national reckoning over sexual harassment and abuse that has included allegations of misconduct in a number of state legislatures, including in Kentucky.

Kentucky Republican Jeff Hoover recently resigned his post as Speaker of the Kentucky House of Representatives under a cloud of sexual harassment allegations.

“,上海晚上耍女人的地方Macey,Saddened to hear of tonight’s death of KY Representative Dan Johnson,” Kentucky Republican Gov. Matt Bevin wrote on Twitter. “My heart breaks for his family tonight…these are heavy days in Frankfort and in America…may God indeed shed His grace on us all…we sure need it.”

Michael Skoler, President of Louisville Public Media, wh上海夜生活ich operates the investigative reporting center, said in a statement on social media that the organization reached out to Johnson numerous times during its seven-month investigation but that he declined to discuss the group’s findings.

Johnson was elected in 2016 despite becoming known for a 2016 Facebook post comparing President Barack Obama and Michelle Obama to monkeys, WDRB-TV has reported.

‘A List’ climate change firms outperform on stock market – survey

OSLO ( ) – Apple (AAPL.O), L’Oreal (OREP.PA) and Mitsubishi Electric (6503.T) are among more than 120 global firms which scored top marks in a ranking of corporate efforts to slow climate change.

Many companies say they are stepping up action on climate change since almost 200 governments struck the 2015 Paris climate agreement to phase out greenhouse gas emissions this century by shifting from fossil fuels.

But only two percent of 6,800 firms that submitted data made the “A List” of CDP’s index, including Johnson & Johnson(JNJ.N), Nestle (NESN.S), China Mobile [CHNMC.UL] and Microsoft (MSFT.O,上海夜生活男人好去处Hallie,).

London-based CDP, formerly the Carbon Disclosure Pr上海夜生活论坛oject, said its data showed the shares of its index leaders tend to outperform on stock markets. Companie,夜上海论坛Hadleigh,s are coming under increasing pressure from shareholders to address climate change.

CDP said the STOXX Global Climate Leaders index, based on the CDP A List, outperformed the STOXX Global 1800 of major firms by 5.4 percent a year from December 2011 to July 2018.

“We think (climate action) is a lead indicator of quality in other areas, especially sustainability and management,” Dexter Galvin, global director of corporates and supply chains at CDP, told ahead of the index publication on Tuesday.

Galvin said it was hard to compare the 2018 results with previous years due to changes in the questions posed. As,上海夜生活Ebba, a result, a company that dropped off the list was not necessarily performing worse, he added.

CDP asks companies to disclose their performance on climate change and separately surveys their efforts to limit water use and to protect forests in its study, which is backed by more than 650 investors with assets of $87 trillion and is meant to spur efforts to protect the planet.

Galvin said CDP would in future be bolder in naming and shaming in the report, which was issued to coincide with the start of the World Economic Forum in Davos.

Among examples of efforts made by its A List companies, CDP said Danish toy-maker LEGO launched the first LEGO elements made from plant-based plastic sourced from sugar cane.

And Korean electronics company LG Display had developed and invested in more than 150 water-related reduction technologies between 2013 and 2017, it added.

Upbeat bank earnings send Wall Street to one-month highs

NEW YORK ( ) – Wall Street’s major indexes hit one-month highs on Wednesday as strong earnings from Bank of America Corp (BAC.N) and Goldman Sachs Group Inc (GS.N) boosted investor sentiment.

Goldman Sachs shares surged 9.5 percent, providing the greatest boost to the Dow, after the bank reported quarterly revenue and earnings that topped estimates. The shares registered their biggest daily percentage gain in nearly 10 years.

Bank of America shares jumped 7.2 percent, leading the S&P 500 higher, after the bank reported a higher-than-expected quarterly profit on growth in its loan book. The shares posted their biggest one-day percentage gain in 6-1/2 years.

The two banks’ results drove a 2.2 percent gain in the S&P 500 financial index .SPSY, which was by far the biggest advan,上海夜生活群Oakley,cer among the S&P’s major sectors. The S&P banking subsector .SPXBK climbed 2.7 percent.

A strong start to the U.S. earnings season, along with trade optimism and hopes of a slower pace in the Federal Reserve’s interest-rate hikes, have helped S&P 500 recoup some of its losses from a recent rout. The index is now 10.7 percent away from its Sept. 20 record close after having fallen as much as 19.8 percent below that level.

“Overall, banks need a good economy and a properly sloped yield curve, and maybe we’re getting that,” said Kevin Caron, senior portfolio manager at Washington Crossing Advisors in Florham Park, New Jersey. “We’re starting to see that percolate into bank earnings.”

With Wednesday’s gains, the S&P 500 came within striking distance of its 50-day moving average, a key indicator of short-term trends, for the first time since Dec. 4. The Nasdaq crossed its 50-day moving average on Tuesday for the first time since Dec. 3.

The Dow Jones Industrial Average .DJI rose 141.57 points, or 0.59 percent, to 24,207.16, the S&P 500 .SPX gained 5.8 points, or 0.22 percent, to 2,616.1 and the Nasdaq Composite .IXIC added 10.86 points, or 0.15 percent, to 7,034.69.

Stocks slightly pared 上海夜生活网gains in the last half-hour of trading after the Wall Street Journal reported federal prosecutors were investigating Huawei Technologies Co Ltd HWT.UL, the world’s largest telecommunications equipment maker, for allegedly stealing trade secrets from U.S. businesses.

Among other stocks, United Continental Holdings Inc (UAL.O) shares rose 6.4 percent after the airline posted a quarterly profit that beat expectations.

Shares of First Data Corp FDC.N soared 21.1 percent after Fiserv Inc (FISV.O) said,上海夜生活Fabi, it had agreed to buy the payment processor for $22 billion in the biggest-ever deal within the digital payments industry. Fiserv’s shares fell 3.3 percent.

Nordstrom Inc (JWN.N) shares fell 4.8 percent after the department store forecast full-year profit at the lower end of its prior estimates.

Ford Motor Co (F.N) shares dropped 6.2 percent after the automaker forecast a weaker-than-expected fourth quarter profit and said tariffs could erode its 2019 earnings.

Advancing issues outnumbered declining ones on the NYSE by a 1.80-to-1 ratio; on Nasdaq, a 1.62-to-1 ratio favored advancers.

The S&P 500 posted one new 52-week high and one new low; the Nasdaq Composite recorded 32 new highs and 19 new lows.

Volume ,上海夜生活论坛Jackson,on U.S. exchanges was 7.48 billion shares, compared to the 8.69 billion average over the last 20 trading days.

Written by shyw on June 25, 2019 Categories: wjxqxjow Tags: , ,

Swiss Railways will not take new Bombardier trains until earlier…

ZURICH/MONTREAL ( ) – Swiss Federal Railways said it would not take new trains from Bombardier (BBDb.TO) until the Canadian company fixes the ones already in service, raising questions over the timing of future deliveries for the 1.9 billion Swiss franc ($1.9 billion) contract.

Bombardier investors are watching the ,上海021夜网Idaline,62-train Swiss order, one of a handful of rail contracts impacted by delivery delays that generated a disappointing free cash flow result last year and subsequent selloff of Bombardier stocks and bonds.

A Bombardier spokesman said problems with the Swiss trains would not cause “significant changes” to the company’s working capital outlook and were expected to be resolved within weeks, although he declined to provide a delivery schedule.

Swiss Federal Railways spokesman Reto Schärli said future Bombardier deliveries for the country’s largest-ever rail contract would follow fixes to the 12 trains now in service, including doors that don’t close properly and uncomfortable rolling that makes some passengers nauseous.

“We’re not going to be doing any experimenting with our passengers,” he to,上海夜生活怎么玩Quay,ld , adding the federal rail service does not yet have an estimate for when the problems would be fixed.

A Bombardier spokesman said a “majority of technical issues” were related to a door-system from a supplier, which was working on a solution.

“We are confident that we will resolve the current teething issues we are experiencing and do not see significant changes to our working capital outlook,” said Thomas Schmidt, a spokesman for Bombardier’s Berlin-based r,夜上海论坛Cade,ail unit, the company’s largest division by revenue.

Bombardier blamed the higher-than-expected use of cash in 2018 to delays in the rail contracts, since train makers ar上海夜生活论坛e paid upon delivery. The company said cash from the orders, including the one from Swiss, would be moved mainly to 2019.

($1 = 0.9981 Swiss francs)

Stocks rally on trade hopes, dollar has first weekly gain of 2019

NEW YORK ( ) – World stock indexes jumped on Friday, with Wall Street posting a fourth straight week of gains, and the d上海夜生活网ollar had its first positive week since mid-December as optimism increased that an end is in sight to the U.S.-China trade conflict.

Stocks were boosted by a Bloomberg report that said China sought to raise its annual goods imports from the United States by more than $1 trillion in order to reduce its trade surplus to zero by 2024.

That followed a report on Thursday that U.S. Treasury Secretary Steven Mnuchin was considering lifting some or all tariffs imposed on Chinese imports. The Treasury denied Mnuchin had made any such recommendation.

While the equity rally lifted all major sectors, trade-sensitive industrials .SPLRCI posted among the biggest S&P 500 sector gains, up 1.9 percent on the day. The Philadelphia SE semiconductor index .SOX rose more than 2 percent and Germany’s exporter-heavy DAX .GDAXI was up 2.6 percent.

“There seems to be some progress going in the trade negotiations,” said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama.

While that was the biggest influence, “we’ve still got momentum since the first of the year,” he said. “Some of the money that came out of the market at year-end, whether it was high frequency traders or tax-loss selling, is coming back in.”

Adding to strength in equities and supporting U.S. Treasury yields was data that ,上海夜生活服务Lance,showed U.S. manufacturing output increased the most in 10 months in December.

Some strategists said relatively light equity trading volume this week indicated that some investors were still waiting on the sidelines.

The Dow Jones Industrial Average .DJI rose 336.25 points, or 1.38 percent, to 24,706.35, the S&P 500 .SPX gained 34.75 points, or 1.32 percent, to 2,670.71 and the Nasdaq Composite .IXIC added 72.77 points, or 1.03 percent, to 7,157.23.

The S&P 500 registered its biggest four-week percentage gain since October 2011. The index is now 8.9 percent below its Sept. 20 record close after dropping 19.8 percent below that level – near the 20-percent threshold commonly considered to confirm a bear market – on Christmas Eve.

The pan-European STOXX 600 index rose 1.80 percent and MSCI’s gauge of stocks across the globe .MIWD00000PUS gained 1.23 percent.

Chinese Vice Premier Liu He will visit the United States on Jan. 30 and 31 for another round of talks aimed at resolving the trade dispute between the world’s two largest economies,上海新夜网龙凤Paisley,.

Recent indicators show signs that the Chinese economy is losing momentum.

The trade optimism boosted the dollar against other major currencies.

The dollar index .DXY rose 0.31 percent, with the euro EUR= down 0.26 percent to $1.1365.

U.S. Treasury yields rose to three-week highs as investors piled back into Wall Street.

Benchmark 10-year notes US10YT=RR last fell 12/32 in price to yield 2.7878 percent, compared with 2.747 percent late on Thursday.

Oil,上海夜生活去哪玩Ida, prices jumped about 3 percent, rising after OPEC detailed specifics on its production-cut activity to ease global oversupply.

Brent crude LCOc1 gained $1.52 to settle at $62.70 a barrel, or 2.48 percent higher. U.S. WTI crude futures CLc1 added $1.73 to settle at $53.80 a barrel, or 3.32 percent up.

Hyundai, Kia issue new U.S. recall of 168,000 vehicles for fire risks

WASHINGTON ( ) – Hyundai Motor Co (005380.KS) and affiliate Kia Motors Corp (000270.KS) said on Wednesday they will recall about 168,000 U.S. vehicles at risk of fuel leaks, after recalling them in 2017 for engine fire risks, and will offer software upgrades for 3.7 million vehicles.

A high-pressure fuel pipe may have been damaged or improperly installed as part of an engine replacement during the prior recall, and that installation could increase the risk of fire, the companies said.

The Korean automakers said the software update aims to protect the vehicles from internal damage, and they will also offer new extended warranties for engine issues. The “knock sensor” software detects vibrations indicating the onset of excessive wear on the connecting rod bearing.

Kia said that 20 percent of the vehicles involved have already received the updat,上海高端夜生活在那里Landon,e.

The new recall covers 68,000 various Kia Opti上海夜生活ma, Sorento and Sportage vehicles from the 2011 through 2,上海夜玩网论坛Radley,014 model years, while Hyundai said it affects 100,000 2011-2014 Hyundai Sonata and 2013-2014 Hyundai Santa Fe Sport vehicles.

Kia said six fires are linked to the new recall but no reports of injuries, while Hyundai said it had no reports of fires linked to the new recall.

In May 2017, the National Highway Traffic Safety Administration (NHTSA) opened a formal investigation into the recalls of nearly 1.7 million Hyundai and Kia vehicles over engine defects.

In November 2018, reported that federal prosecutors had launched a criminal investigation into Korean auto affiliates Hyundai and Kia reut.rs/2VVMwYm to determine if vehicle recalls linked to engine defects were conducted properly, citing a person with knowledge of the matter and documents. The companies declined to comment.

A South Korean whistleblower in 2016 reported concerns to NHTSA, which has been probing the timeliness of three U.S. recalls and whether they covered enough vehicles.

In 2015, Hyundai recalled 470,000 U.S. Sonata sedans, saying engine failure would result in a vehicle stall, increasing the risk of a crash. At the time, Kia did not recall its vehicles, which share the same “Theta II” engines.

In March 2017, Hyundai expanded its original U.S. recall to 572,000 Sonata and Santa Fe Sport vehicles with “Theta II” engines, citing the same issue involving manufacturing debris.

On the same day, Kia also recalled 618,000 Optima, Sorento and Sportage vehicles, all of which use the same engine.

The recall, which was also conducted in Canada and South Korea, cost the automakers an estimated 360 billion won ($319.3 million). The nonprofit Center for Auto Safety in October called for the immediate recall of another 2.9 million Hyundai and Kia vehicles over engine fire risks.

,上海夜生活Sabine,

A NHTSA spokeswoman declined to comment because of the partial U.S. government shutdown. The auto safety agency is not reviewing recall submissions or posting new recall campaigns on its website.

Written by shyw on April 4, 2019 Categories: wjxqxjow Tags: , ,

Global stocks gain on earnings, euro rebounds after dovish ECB

LONDON ( ) – Global stocks rose on Friday, as strong earnings helped to underpin investor sentiment in the face of growing signs that the global economy is slowing and a still unresolved trade dispute between the United States and China.

The euro rebounded against the dollar after falling to its lowest in six weeks following Thursday’s European Central Bank meeting.

European markets opened firmer, with the automakers and tech sector indices rising 1.5 percent and 1 percent respectively. The pan-European STOXX index hit its highest since Dec. 4, last up 0.7 percent on the day. [.EU]

The gains came as stocks rose overnight in Asia and the United States on the back of strong earnings from U.S. tech firms.

MSCI’s All-Country World Index .MIWD00000PUS, which tracks shares in 47 countries, was up 0.3 percent on the day. But the gauge was set to break a four-week streak of gains as weak economic data and cautious soundings from central banks pulled the index half a percent down on the week.

Data at the start of the week showed China’s economy grew at its slowest in 28 years in 2018, while purchasing manager indexes in Germany and the euro zone indicated stagnation in the bloc. On Thursday, the European Central Bank alluded to downside risks to growth for the first time in its statement since April 2017, while Germany cut its economic growth forecast for 2019.

SLOWDOWN

Somber news continued to trickle in on Friday, with German business morale falling for the fifth month in a row in January according to the Ifo business climate index.

For an interactive version of the below chart, click here tmsnrt.rs/2B4fP26.

According to the ,上海夜哪里艳遇Naia,latest polls of hundreds of economists from around the world, a synchronized global economic slowdown is underway and any escalation in the U.S.-China trade war would trigger a sharper downturn.

Sunil Krishnan, head of multi-asset funds at Aviva Investors said investors were taking some relief from the responses of policymakers.

“What they (investors) were not seeing last year was that activity was slowing but there was no reaction from central banks. They are seeing that now – we saw that from the ECB and the Fed has said it’s not on a pre-set path.”

That along with a rebound from poor liqui上海夜网dity in December explains why the risk tone in markets has been a bit better, he said.

In a note to clients, UBS Global Wealth Management’s chief investment officer Mark Haefele said that rhetoric on U.S.-China trade has become more positive, and that Beijing has taken steps to stimulate its economy.

“While economic and earnings growth is slowing, we believe it is unlikely that growth will drop far below trend,” he said.

“At the same time, there are reasons to be cautious about policymakers’ ability to follow through on their rhetoric.”

Chinese Vice Premier Liu He will visit the United States on Jan. 30 and 31 for the next round of trade negotiations with Washington.

The two sides are “miles and miles” from resolving trade ,上海021夜网Octava,issues but there is a fair chance they will get a deal, U.S. Commerce Secretary Wilbur Ross said on Thursday.

In currencies, the dollar fell 0.3 percent against a basket of peers to 96.422. .DXY

The euro EUR= was up 0.4 percent at $1.13490, bouncing back from a six-week low hit in the wake of ECB President Mario Draghi’s downbeat comments on Thursday.

The ECB’s post-meeting statement for the first time since April 2017 alluded to downside risks to growth.

The British pound was up 0.3 percent at $1.3076 GBP=D3 after brushing a two-month high of $1.3140, lifted after The Sun newspaper reported on Thursday that Northern Ireland’s Democratic Unionist Party has privately decided to back May’s Brexit deal next week if it includes a clear time limit to the Irish backstop. [GBP/]

The benchmark 10-year U.S. Treasury note yield US10YT=RR was sli,上海夜生活Sabia,ghtly higher at 2.729 percent after dropping to a one-week low as pessimism over global growth supported safe-haven government debt. [US/]

Fresh data on surging U.S. fuel stocks and worries about U.S.-China trade talks weighed on oil prices, after they rallied on the threat of U.S. sanctions against Venezuela. [O/R]

U.S. crude oil futures CLc1 were down 0.3 percent at $60.90 per barrel after gaining 1 percent on Thursday.

Graphic: World FX rates in 2019 – tmsnrt.rs/2egbfVh

Written by shyw on February 21, 2019 Categories: wjxqxjow Tags: , , ,

U.S. weekly jobless claims jump to near one-and-a-half year high

WASHINGTON ( ) – The number of Americans filing applications for unemployment benefits surged to near a 1-1/2-year high last week, but economists dismissed the jump as a fluke and said temporary factors, including a partial government shutdown, were to blame.

A strike by teachers in California, cold weather and difficulties adjusting the data around moving holidays like Martin Luther King Jr. Day also likely were factors in the spurt in claims reported by the Labor Department on Thursday.

“We are s上海夜生活keptical the rise could reflect a true weakening in the labor market given that there are few other signs of weaker labor markets in January,” said John Ryding, chief economist at RDQ Economic in New York. “Nonetheless, if we maintain this higher level of jobless claims in the coming weeks, that would indicate a pickup in layoff activity.”

Initial claims for state unemployment benefits jumped 53,000 to a seasonally adjusted 253,000 for the week ended Jan. 26, the highest level since September 2017, the Labor Department said. The rise was also the largest since September 2017.

Claims dropped to 200,000 in the prior week, which was the lowest,上海夜网推油Idaline, level since October 1969. Economists polled by had forecast claims rising to only 215,000 in the latest week.

The claims data covered the Martin Luther King Jr. holiday, which occurred later this year than in the past. Economists believe non-federal government workers who were temporarily unemployed during the longest government shutdown in the country’s history likely helped to boost claims last week.

The surge in claims came amid a recent deterioration in business and consumer confidence, which was partly blamed on a five-week government shutdown that has since ended.

The Federal Reserve on Wednesday kept interest rates steady but said it would be patient in lifting borrowing costs further this year in a nod to growing uncertainty over the economy’s outlook. The U.S. central bank removed language from its December policy statement that risks to the outlook were “roughly balanced.”

The four-week moving average of initial claims, considered a better measure of labor market trends as it irons out week-to-week volatility, rose 5,000 to 220,250 last week.

The claims data has no bearing on January’s employment report, which is scheduled for release on Friday, as it falls outside the survey period. According to a survey of economists, non-farm payrolls likely increased by 165,000 jobs in January after jumping by 312,000 in December.

The 35-day government shutdown is not expected to have an impact on January’s job growth, as workers who were furloughed will be paid retroactively together with colleagues who worked without pay. However, those workers who stayed at home during the shutdown are expected to temporarily push up the unemployment rate in January.

The dollar fell against most major currencies, dropping to a two-week low versus the yen, pressured by the Fed’s cautious economic outlook. U.S. Treasury yields fell, while stocks on Wall Street were trading mostly higher.

STEADY WAGE GAINS

Underscoring the labor market’s strength, another report on Thursday from the Labor Department showed its Employment Cost Index, the broadest measure of labor costs, increased 0.7 percent in the fourth quarter after rising 0.8 percent in the July-September period.

The fourth quarter rise lifted the year-on-year rate of increase in labor costs to 2.9 percent, the biggest gain since June 2008, from 2.8 percent in the 12 months through September.

Wages and salaries, which account for 70 percent of employment costs, rose 0.6 percent in the fourth quarter after advancing 0.9 percent in the prior period. They were up 3.1 percent in the 12 months through December.

That was the biggest increase since June 2008 and followed a 2.9 percent gain in the year through September.

“It supports our view that the tightness in the labor market is generating upward pressure on compensation,” said Daniel Silver, an economist at JPMorgan in New York.

While the labor market is on solid footing, manufacturing appears to be slowing. A third report on Thursday showed the MNI Chicago business barometer dropped 7.1 points to a reading of 56.7 in January as new orders tumbled to a two-year low. The survey’s measure of production dropped to a 10-month low.

There was some good news on the housing market. The Commerce Department reported new home sales vaulted 16.9 percent in November to a seasonally adjusted annual rate of 657,000 units. The surge erased October’s 8.3 percent plunge in single-family home sa,上海夜生活群Gabe,les.

The November home sales report was delayed b,上海晚上耍女人的地方Babette,y the government shutdown, which affected the Commerce Department.

The housing market struggled in 2018, weighed down by acute shortages of homes for sales, which boosted prices, as well as higher mortgage rates. But there are glimmers of hope as house price inflation has slowed significantly and mortgage rates have eased after shooting up last year.

Supply, however, still remains tight.

“We expect a further rise in new home sales during 2019 as homebuyers look to new builds, with inventory conditions for existing homes still extremely tight,” said Ben Ayers, senior economist at Nationwide in Columbus, Ohio.

Guaido versus Maduro: Who is backing Venezuela’s two presidents

( ) – The United States imposed sanctions on Venezuela’s oil exports on Monday, a major escalation in its support for opposition leader Juan Guaido’s bid to oust socialist President Nicolas Maduro.

Like many i,夜上海论坛Gabrielle,n the opposition and international community, Guaido says the May 2018 vote in which Maduro won a sec,上海夜网千花Easton,ond term was a sham. He says the presidency is vacant as a result, and on Jan. 23 declared himself president, promising free and fair elections, winning support from the United States and others.

While Maduro faces growing international criticism for undermining democracy, he retains support from key stakeholders both at home and abroad, including Russia and China.

Guaido, who a decade ago participated in protests against late socialist leader Hugo Chavez, is promising a transition to a new government through free and fair elections and an amnesty for military officers who disavow Maduro.

Below is a summary of the support enjoyed by each leader.

MADURO

** The top brass of Venezuela’s military has shown no sign of leaving Maduro’s side. Defense Mi,上海高端夜生活在那里Fabiana,nister Vladimir Padrino reaffirmed support for Maduro in a tweet on Jan. 2上海夜生活网3, saying Venezuela’s armed forces disavowed any self-proclaimed president.

** Russia and China, which are major investors in Venezuela’s oil industry and significant creditors to the indebted government, have stood by Maduro and criticized U.S. interference. The two blocked a push for the United Nations Security Council to back Guaido.

** The Supreme Court, stacked with Maduro loyalists, has remained solidly behind the socialist leader, ruling last week that all actions taken by the congress – led by Guaido – are null and void.

** State oil company PDVSA, which accounts for most of Venezuela’s export earnings, stood by Maduro. “We have no other president” besides Maduro, PDVSA President and Oil Minister Manuel Quevedo, a career military officer, said in a Jan. 23 statement.

** A few left-leaning governments in the region, including Cuba and Bolivia, continue to back Maduro. Mexico, where leftist Andres Manuel Lopez Obrador took office last year, has dropped the previous government’s opposition to Maduro and said it will follow a policy of non-intervention.

GUAIDO

** The United States recognized Guaido shortly after he proclaimed himself president on Jan. 23, saying it would use its “economic and diplomatic power” to restore democracy in Venezuela.

** Numerous right-leaning Latin American governments, including Brazil, Colombia and Argentina, also recognized Guaido. Britain, Germany and France all said on Jan. 26 they would recognize Guaido as president if Maduro failed to call fresh elections in eight days.

** Australia, Canada, Israel also recognize the young leader.

** Venezuela’s top military envoy to the United States, defense attache Colonel Jose Luis Silva, said he was splitting with Maduro and recognized Guaido as the “only legitimate president.”

** There are some signs that support for the opposition is expanding beyond its traditional middle- and upper-class areas. Several protests against Maduro broke out in working-class neighborhoods last week, while many former Chavez and Maduro supporters came out to the massive Jan. 23 opposition march.

** Some low-ranking military officers have expressed discontent with the government. The government on Jan. 21 said it suppressed a military revolt after a group of officers stole weapons, kidnapped officers, and demanded Maduro’s removal.

Factbox: Five facts about ex-Trump security aide Michael Flynn

( ) – Michael Flynn, President Donald Trump’s first U.S. national security adviser, pleaded guilty on Friday to lying to the Federal Bureau of Investigation about his contacts with Russia’s U.S. ambassador.

Here are five facts about Flynn:

Flynn was national security adviser for just 24 days, from Jan. 20, when Trump took office, to Feb. 13. Flynn was fired following disclosures that he had discussed U.S. sanctions on Russia with Sergey Kislyak, Moscow’s U.S. ambassador, and misled Vice President Mike Pence about the conversations.

On Feb. 14, Trump asked then-FBI Director James Comey in an Oval Office meeting to end the agency’s investigation into ties between Flynn and Russia, according to news media reports. Trump, who fired Comey on May 9, later denied making such a request.

Trump had named the former Army lieutenant general to the national security post despite red flags about Flynn’s Russian contacts and advocacy for warmer U.S. relations with Moscow, which has been under U.S. economic sanctions for years. Outgoing President Barack Obama had warned Trump not to,上海夜生活去哪玩Tallulah,上海夜生活 hire Flynn, who had been fired by the Democratic president in 2014.

Flynn was an early and vociferous Trump supporter during the New York businessman’s 2016 White House run. He made vitriolic appearances on the campaign trail, notably leading the Republican National Convention in chants of “Lock her up,” referring to Trump’s Democratic ri,上海夜网推油Kai,val, former Secretary of State Hillary Clinton.

In addition to Flynn’s contacts with Russia, Special Counsel Robert Mueller’s investigation of possible ties between the Trump election campaign and Moscow has expa,上海夜玩网论坛Hadleigh,nded its probe to include Flynn’s paid work as a lobbyist for a Turkish businessman in 2016, people with knowledge of the inquiry have told .

Trade wars: We’re next, European investors fear

LONDON ( ) – While global markets would hail a U.S.-China trade deal, fears are growing that the European Union could be the fall guy in any breakthrough, which would allow Donald Trump to turn his attention to German cars or French luxury wines.

Investors thinking of chasing a rally on a trade accord through European trade proxies, such as Germany’s export-heavy DAX index or the continent’s luxury names, should probably think twice, analysts believe.

For trouble could come in a lot of different forms.

Alicia García-Herrero, Chief Economist at Natixis for Asia Pacific, and a researcher at the Bruegel think-tank, is among those who have warned that a deal “could cost Europe dearly” if China substitutes a large part of its European imports for U.S. goods in a bid to appease the Trump administration.

There is a lot at stake. European-listed firms expect 456 billion euros ($521 billion) in total revenue from China in 2019, with luxury brands and automakers the most exposed sectors, a Refinitiv analysis of company data shows.

Vincent Deluard, global macro strategist at INTL FCStone, said that in the case China and the United States fail to clinch a deal, Europe could be flooded with cheap Chinese goods.

“Europe stands to lose the most when the truce expires on March 1st as China would surely dump billions of discounted goods on the old continent,” Deluard wrote.

In 2017, China exported goods worth 374 billion euros to the EU an,上海夜生活乌托邦Dakota,d 505 billion dollars to the United States.

Another dire scenario sketched out by Deluard would be a bitter lose-lose for Europe and arguable win-win for Trump: “Imposing tariffs on European cars and reaching a deal with China could allow the Trump administration to claim two victories at the same time”.

Many investors fear the immediate relief of a China-U.S. deal could be swiftly followed by a bitter confrontation between the EU and its closest ally.

“WE ARE NEXT”

While Germany takes the lion’s share of the EU’s trade surplus with the United States, over 63 billion dollars in 2017, other European countries such as Ireland, Italy or France have a lot to lose if tariffs are imposed on European goods.

The diversity of their exports highlights how wide the impact would be.

A graphic from the Atlas of Economic Complexity, Center for International Development at Harvard University, shows how French exports in 2016 ranged from wines (3.80 percent) to gas turbines (10.95 percent) and medicines (6.08 percent).

Analysts trying to decipher the U.S. president’s strategy believe that a confrontation with the EU is a probable next step following the revamping of the North American Free Trade Agreement and his current efforts to slash the U.S. trade deficit with China from a record 375 billion dollars in 2017.

“We are next in the queue,” warns BNP Paribas’ chief economist William De Vijlder, adding that “the subject of the EU-U.S. trade negotiations has been under the radar up to recently but could resurface soon.”

Lombard Odier strategist Charles St-Arnaud believes a period of prolonged EU-U.S. tension, with daily incendiary headlines making European markets jittery, is a distinct possibility.

“What Trump tweeted about French wine, I can see the parallel with Canadian milk,” he said recalling the tense U.S. NAFTA negotiations with Canada.

On Nov. 13th, Trump complained that while France could easily export wines to the United States, U.S. winemakers’ access to the French market was restricted.

“Not fair, must change”, he said on Twitter.

St-Arnaud argues that the threat of a trade war with the United States could mean another grim year for European stocks, which have already suffered collateral damage from the trade spat between the world’s two biggest economies.

“A European underperformance is possible in 2019,” he believes.

If the Chinese negotiating team currently in Washington was to a上海夜生活网chieve significant progress, European stocks would get a boost, at least in the short-term.

“It is crucial for the world economy that this man-made uncertainty ceases,” said De Vijlder. An escalation would meanwhile sharpen the global growth downturn and hit bourses worldwide, according to a big poll of economists.

But while both emerging and European stock markets underperformed Wall Street during 2018 due to the trade stress endured by exporters, European shares remain very much less loved by global investors than their EM peers.

According to data provider EPFR, while emerging markets equity funds have recorded 15 straight weeks of inflows, European funds saw outflows for 45 of the past 46 weeks.

“TAKE THE WIND OUT TRUMP’S SAIL”

With a concerns about Brexit, unrest in France, Italy’s populist government and May’s EU elections, the big,上海夜生活男人好去处Nala, European benchmarks are seen by many foreign investors as “uninvestable”, especially as growth slows.

“It’s pretty clear that during the course of conversation with any client, political risk premium, political uncertainty will come into the conversation,” said Andrew Milligan, head of strategy at Aberdeen Inves,上海021夜网Idaia,tments.

Joerg Kraemer, Commerzbank’s chief economist, said a confrontation with Washington could be very damaging, notably for the German car industry and that the European Commission would be wise to make a pre-emptive move.

“Europe needs to take the wind out Trump’s sails and move first,” he told , calling for the EU to scrap its 10 percent tariff on U.S. cars to defuse tensions.

Japan’s Nintendo slashes Switch hardware forecast after bumper…

TOKYO/OSAKA, Japan ( ) – Japan’s Nintendo Co Ltd on Thursday slashed its full-year hardware forecast for the hybrid home-portable Switch console, revising a figure that had been treated with scepticism by investors and added to pressure on its share price.

The Kyoto-based gaming company said it expected to sell 17 million Switch consoles in the year ending March from 20 million previously and also cut the forecast for its aging 3DS handheld, underscoring the need to find other sources of revenue.

“We didn’t work hard enough to c,上海夜生活男人好去处Pablo,onvince customers of the Switch’s appeal,” Chief Executive Shuntaro Furukawa said at an earnings briefing.

At the same time, Nintendo smashed profit estimates for its October-December quarter and upgraded its Switch software forecast to 110 million units from 100 million previously, announcing that hit titles “Super Smash Bros. Ultimate” and “Po,上海仙霞路夜生活Macauly,kemon: Let’s Go” have shifted over 10 million copies each.

Operating profit for October-December was 158.6 billion yen ($1.46 billion), the highest in nine years and the second consecutive third-quarter rise. That was well above the 149 billion yen average of 11 analyst estimates compiled by Refinitiv.

Nintendo shares lost 29 percent of ,上海夜生活Gabrielle,their value last year as investors questioned the Switch’s ability to appeal beyond hardcore gamers and the strength of the games pipeline. However, renewed enthusiasm following reports of strong demand for Switch software has helped lift the stock 16 percent this year.

The stock closed up 2 percent ahead of the earnings.

Nintendo said it sold 14.5 million Switch consoles in the April-December period along with 94.6 million software units.

UPWARDLY MOBILE

Meanwhile, Nintendo is pushing into mobile gaming but is yet to score a major hit. Role-playing game “Dragalia Lost”, developed with CyberAgent Inc, got off to a strong start supported by heavy ad spending but is underperforming expectations, CyberAgent CEO Susumu Fujita said on Wednesday.

And gamers hoping to play smartphone games featuring popular Nintendo characters face a longer wait after the firm pushed the release date of 上海夜生活论坛“Mario Kart Tour” to the summer from earlier in the year.

That delay means Nintendo will miss its target of releasing two to three mobile titles each financial year, though CEO Furukawa said there was no change to that goal.

Nintendo also cut its sales forecast for its 3DS device to 2.6 million units from 4 million previously.

The need to offset the fall-off in 3DS sales has led to speculation Nintendo will release another device such as a cut-price Switch.

“While it’s true demand fell more than we expected, for children playing for the first time the 3DS is light and has an advantage in price terms,” Furukawa said.

“We want to continue with both the 3DS and the Switch,” he said.

($1 = 108.7700 yen)

Senator Gillibrand calls Trump Twitter post ‘sexist smear’

WASHINGTON ( ) – U.S. Senator Kirsten Gillibrand fired back at President Donald Trump on Tuesday and said she would not be silenced after he attacked her on Twitter for calling for an investigation into accusations of sexual harassment and misconduct against him.

Six U.S. senators, including Gillibrand, have said Trump should resign.

Trump lambasted Gillibrand on Twitter on Tuesday writing, “Lightweight Senator Kirsten Gillibrand, a total flunky for Chuck Schumer and someone who would come to my office ‘begging’ for campaign contributions not so long ago (and would do anything for them), is now in the ring fighting against Trump.” Schumer is the Senate Democratic leader.

Gillibrand, whose name has been floated as a possible Democratic presidential candidate in 2020, said she would not back down.

“It was a sexist smear attempting to silence my voice, and I will not be silenced on this issue,” she told reporters at a news conference.

Trump did not answer a reporter’s question at a White House event later on Tuesday when asked what he meant by the tweet.

White House spokeswoman Sarah Sanders, told that some people thought Trump’s tweet contained sexual innuendo, said, “Only if your mind is in the gutte,上海夜生活网419Quaid,r would you have read it that way … it’s obviously talking about political partisan games that people often play and the broken system.”

Sanders told a regular White House briefing that Trump had used similar language previously to refer to men of both major parties.

Related CoverageTrump’s attack on Senator Gillibrand ‘nasty’: Senator Schumer

Other Democratic lawmakers rallied behind Gillibrand, including U.S. Senator Elizabeth Warren, another possible 2020 presidential candidate.

In a tweet directed at Trump, Warren wrote on Tuesday, “Are you really trying to bully, intimidate and slut-shame @SenGillibrand? Do you know who you’re pi,夜上海论坛Gabriel,cking a fight with? Good luck with that, @realDonaldTrump. Nevertheless, #shepersisted.”

U.S. Senate Democratic Leader Chuck Schumer said Trump’s attack on Gillibrand was “nasty, unbecoming of a president,” but he did not join her call for Trump to resign the presidency over sexual misconduct accusations.

More than a dozen women have accused Trump, a New York-based real estate developer and former reality television star, of making unwanted sexual advances against them years before he entered politics. Trump, a Republican, has denied the allegations.

has not independently verified the accusations against Trump.

Interest in accusations of sexual harassment and misconduct came to the fore again on Monday when three women who had previously accused Trump of misconduct called on the U.S. Congress to investigate his behavior.

On Tuesday, a fourth woman who had also previously made similar accusations backed their call for an investigation during an interview with NBC.

Nearly 60 female Democratic U.S. lawmakers called for an investigation in a letter on Monday.

By Tuesday, the group said many male colleagues had also joined on, bringing the number to more than 100 lawmakers in the U.S. House of Representatives.

Representative Trey Gowdy, Republican chairman of the House Oversight Committee, responded to the group上海夜生活 in a letter on Tuesday that said, “The specific allegations set forth in your letter constitute crimes,” both federal and state.

Gowdy noted that congressional panels cannot prosecute crimes so he was forwarding the group’s letter to the Justice Department. He added that any charges not alleging crimes should go to the House Judiciary Committee, which has jurisdiction over “allegations related to fitness for office and non-criminal matters.”

Trump has called the accusations fabricated stories and he has said he did not know his accusers.

On Monday, Gillibrand called the allegations credible and called on Trump to resign over them.

The attention to sexual harassment accusations against Trump comes amid a wave of similar accusations against prominent men in Hollywood, the media and politics in recent months.

Federal Election Commission records showed Trump gave $4,800 to Gillibrand’s Senate campaign in 2010, and that he donated $2,100 to her in 2007 while she was a member of the House of Representatives.

Concerns over sexual impropriety have become a political issue the United States, leading to the resignations of two Democratic and one Republican lawmaker. has not independently verified accusations against them.

The issue of sexual harassment has also become central to Tuesday’s U.S. Senate election in Alabama after accusations of misconduct were made against Republican candidate Roy Moore.

The White House said on Monday that the women’s accusati,上海夜生活Paige,ons against Trump were false and “totally disputed in most cases by eyewitness accounts” and later promised to provide a list of those accounts to reporters.

On Tuesday, the White house sent a list of three 2016 media reports, including a New York Post interview with a British man who disputed one of the accusers’ accounts of alleged groping and said he never saw it happen. It also included New York Daily News and CNN reports with two other former pageant participants supporting Trump.

Written by shyw on September 17, 2018 Categories: wjxqxjow Tags: , ,

Trump Iran decision due as allies plea for nuclear deal

WASHINGTON ( ) – U.S. President Donald Trump was expected to decide on Thursday whether to extend sanctions relief to Iran under the 2015 nuclear deal as major European allies implored Washington to preserve the landmark arms control pact.

Under Secretary of State Steve Goldstein told reporters he expected Trump to decide on whether to continue sanctions relief for Ir,上海仙霞路夜生活Octava,an on Thursday but was not sure if the decision would be announced Thursday night or Friday.

A move to reimpose sanctions would effectively torpedo the agreement reached between Iran and five major powers under which Tehran pledged to rein in its nuclear program in return for some easing of the economic restrictions imposed on it by the United States, the United Nations and the Euro,上海021夜网Lance,pean Union.

In a telephone call with Trump on Thursday, French President Emmanuel Macron stressed the importance of abiding by the nuclear deal and, in an apparent effort to win the U.S. president over, emphasized the need to enforce it r,上海夜生活网交流Gabriel,igorously.

“The proper implementation of the agreement should be accompanied by a strengthened dialogue with Iran on its ballistic program and its regional policy, in order to guarantee better stability in the Middle East,” the French presidency said in a statement on the call.

Two senior U.S. officials told on Wednesday that Trump’s top advisers were recommending that he not reimpose sanctions on Iran that were lifted under the nuclear agreement.

However, Trump, who has previously vowed to scrap the nuclear pact, was privately expressing reluctance to heed the advisers, the officials said.

In one possible compromise, Trump could choose not to reimpose the sanctions that were eased under the nuclear deal but could slap other punishments on Iran, a pattern he has followed over the last year.

One U.S. official said on Wednesday that if Trump waived the key sanctions under the deal, the administration would impose new, targeted measures against Iranian businesses and people.

U.S. Treasury Secretary Steve Mnuchin said on Thursday that he expected Trump to impose new sa上海夜生活网nctions on Iran, without addressing what he would decide on the nuclear deal’s sanctions.

“I am expecting new sanctions on Iran,” Mnuchin told reporters. “We continue to look at them. We’ve rolled them out and I think you can expect there will be more sanctions coming.”

Alibaba slams U.S. treatment of Huawei, efforts to curb China’s rise

HONG KONG ( ) – A senior Alibaba executive slammed the United States’ treatment of China’s Huawei Technologies as “extremely unfair”, saying measures by the country to curb the firm’s access to their markets was “very politically motivated”.

Joe Tsai, the e-commerce giant’s executive vice-chairman, also sharply criticized what he called an attempt by the U.S. governme,上海夜生活群Idaleen,nt to curb China’s rise via a trade war.

He struck an optimistic note about China’s economy, saying it remained fundamentally strong despite a slowdown, and added that stimulus such as tax cuts needed to be imposed to prop it up even as it battles U.S. efforts to dent its businesses.

U.S. President Donald Trump’s administration has not only slapped crippling tariffs on Chinese imports, it has also stepped up scrutiny of Chinese investments in the country and torpedoed many deals citing national security concerns.

Huawei, the world’s biggest network equipment maker, has been caught up in the crosshairs, with the United States alleging its products could be used by Beijing for espionage.

Huawei has repeatedly denied the allegation.

“I think what the American government and together with the Five Eyes Alliance – what they’re trying to do with Huawei – is a bit unfair, there’s definitely a political agenda behind it,” Tsai said at a BreakingViews event in Hong Kong.

The United States and its allies, Australia and New Zealand, have restricted Huawei’s access to their markers, while Canada and the United Kingdom are reviewing whether to curb access.

Last month, Meng Wanzhou, Huawei’s finance chief, was arrested in Canada, sparking a diplomatic row between Canada and China. She faces extradition to the United States.

Tsai, a Canadian passport holder, said he hoped the relationship between Canada and China would improve.

“I love Canadians, they’re great,” Tsai joked when asked about Meng’s arrest, calling it a politically charged question.

“ANTI-CHINA PROBLEM”

Relations between Washington and Beijing have deteriorated rapidly amid a tit-for-tat escalation in tariffs that has roiled financial markets and raised fears over the impact on global supply chains and investment plans.

“President Trump may have started it focusing on the trade deficit itself … but over the course of the last nine months it was blown into a bigger anti-China problem,” Tsai said, adding the trade war has spurred anti-China sentiment.

“It worries everybody.”

Alibaba has been previously critica,上海会所夜网Naia,l of the trade war as well, with founder Jack Ma calling the spat the “most stupid thing in the world.”

The company, which promised in 2017 to create a million U.S. jobs, backed out last year, blaming the trade war.

Tsai said U.S. r,上海夜网Idaia,egulators had made it very difficult for Alibaba to make investments in the country, adding that the company would look at other parts of the world for investment.

Just last year, a U.S. government panel rejected a bid by Ant Financial, which Ma owns together with Alibaba executives, to buy U.S. money transfer company MoneyGram International Inc on national security concerns.

Among the most high-profile Chinese deals to be scuttled under the Trump administration, the $1.2 billion deal’s failure was a major blow for Ma, who was looking to expand Ant’s footprint amid fierce competition back home from rival Tencent Holdings Ltd’s WeChat.

CHINA OPTIMISM

Brushing aside the pains of the trade war, Tsai said people were over worried about China’s economy. Chinese consumers are still fundamentally very strong and consumption in China is going to grow over the next 5-10 years, he said.

Comments from Tsai come at a time上海夜生活论坛 when China’s economic growth has slowed to its weakest pace in nearly three decades amid faltering domestic demand and bruising U.S. tariffs.

Growth is expected to ease further this year.

Tsai said Alibaba will continue to invest aggressively despite the uncertain business environment.

Asia’s second most valuable public company has been investing heavily in offline retail and rural e-commerce to win new customers as China’s urban market shows signs of saturation.

Senators Burr, Tillis oppose Trump’s EPA nominee Dourson: reports

(In Nov 15 item, corrects third paragraph to say Dourson is a former professor at the University of Cincinnati)

( ) 上海夜生活网– North Carolina Senators Richard Burr and Thom Tillis said they will not support the Trump administration’s nominee to head the Environmental Protection Agency’s (EPA) chemical safety office, media reports said.

If one more Republican votes against Michael Dourson, he likely wouldn’t be confirmed to the post, the Hill reported on Wednesday. bit.ly/2hv1xgN

The R,上海夜玩网论坛Ida,ep,上海夜生活怎么玩Gabe,ublican Senators raised concerns about the track record of Dourson, a former professor at the University of Cincinnati who has worked as a consultant for chemical companies, StarNews reported. bit.ly/2jvLPpR

“With his record and our state’s history of contamination at Camp Lejeune as well as the current GenX water issues in Wilmington, I am not confident he is the best choice for our country,” StarNews quoted Senator Burr as saying.

,上海夜生活Jacklyn,The U.S. Senate environment panel, on Oct. 25, approved Dourson and 3 other nominees to top posts at the EPA, in a 11-10 vote along party lines that was slammed by Democrats.

Dourson, while a consultant, had assessed some chemicals, including PFOA, used to make Teflon non-stick surfaces, to be safe at levels far higher than considered acceptable by the EPA.

could not reach the Senators for comment outside regular business hours.

Written by shyw on August 3, 2018 Categories: wjxqxjow Tags: , ,